Germany and Romania begin joint nuclear reactor project
Although RWE was required to sut down its nuclear plans, recent plans reveal a return to nuclear power.
Essen -- One of Germany's two main electricity companies, RWE, signed up for a project to build two nuclear power reactors in Romania on Thursday.
RWE is legally required to shut down its nuclear plants inside Germany over the next 15 years as Germany abandons atomic power. The company, however, has been advocating a return to nuclear power.
It initiated the investment terms for two new reactors at Cernavoda Power Station in Romania on Thursday, RWE said at its main office in Essen, Germany.
The next step, if the Romanian government approves, would be to form a project consortium with Romanian majority partner Societatea Nationala Nuclearelectrica SA and five other partners. RWE would hold 9 percent.
The Cernavoda site already operates two power reactors. RWE said the new reactors would be a Canadian design and would have a capacity of 1,400 megawatts after commissioning in 2016.